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Ord 13-2026 agreement between the City of WF and Potencia Projects, LLC to manage and operate ArtWalk 03/17/2026 Ordinance No. 13-2026 Ordinance amending the Fiscal Year 2025-2026 Budget and authorizing agreement between the City of Wichita Falls and Potencia Projects, LLC to manage and operate ArtWalk WHEREAS, the Downtown Art Walk serves as a significant driver of downtown economic activity and local sales tax generation, and the absence of the Downtown Art Walk would likely result in an unanticipated decline in sales tax revenues that support essential City operations and the adopted budget; and WHEREAS, the Downtown Art Walk is a long-standing community event that supports downtown activation and provides a platform for local artists and merchant vendors; and WHEREAS, Downtown Development Corporation has decided not to run the Downtown Art Walk moving forward, and the City desires to implement a refreshed, more immersive Art Walk experience within the downtown core and to ensure consistent operational standards for permitting, safety, and event logistics; and WHEREAS, Potencia Projects, LLC has the experience and capacity to provide event management services for the Art Walk consistent with the City's operational and public safety expectations. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF WICHITA FALLS, TEXAS: 1 . That pursuant to state law, no expenditure of the funds of the City shall hereafter be made except in compliance with the budget and applicable state law; provided, however, that in the case of grave public necessity emergency expenditures to meet unusual and unforeseen conditions, which could not be reasonable, diligent thought and attending have been included in the original budget, may from time to time be authorized by the City Council as amendments to the original budget and does, based on evidence presented herein and during the Council meetings, hereby finds a grave public necessity exists to modify the original budget and said grave public necessity was unforeseen. 2. The City Manager is hereby authorized to execute a Professional Services Agreement, in a form approved by the City Attorney, with Potencia Projects, LLC manage and operate the Downtown Art Walk, including vendor/exhibitor administration and on- site event operations, in an amount not to exceed $202,904.00. PASSED AND APPROVED this the 17th day of March, 2026. MAYOR ATTEST: DV-MrCity Clerk